Inflexion invests in ProLabs

Capital for the transaction was drawn from Inflexion Enterprise Fund IV, which held a final close on £250m in May 2016. The vehicle typically provides equity tickets of between £10-20m. A spokesperson for the GP confirmed to unquote" that Inflexion acquired a minority stake in the company via the transaction.

The fresh funding will enable the business to undertake an international acquisitive growth strategy.

As part of the deal, Inflexion investment director Jonathan Ma and assistant director Abhishek Majumdar will take a seat on the ProLabs board.

Recent investments by Inflexion in the technology, media and telecommunications space include the £40m MBO of telematics motor insurance broker MyPolicy and minority investments in technology consultancy K2 Partnering Solutions and digital billboard provider Outdoor Plus.

Company
Founded in 2004 and headquartered in South Cerney, Gloucestershire, ProLabs is a provider of optical transceivers that are installed in data centres used by home broadband service providers. The company's clients include financial and telecommunications services in the US, Europe and Asia.

According to publicly available documents, ProLabs generated a turnover of £18.5m in the year ending March 2016, with EBITDA before exceptional items of £4m.

People
Inflexion – Tim Smallbone (head of Enterprise); Jonathan Ma (investment director); Abhishek Majumdar (assistant director); Richard Wootten (investment executive).
ProLabs – Ward Williams (CEO).

Advisers
Company – Catalyst Corporate Finance (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Inflexion Private Equity